BRUNELEC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BRUNELEC
Largest movements
- Receivables within one year -€126,642
down €126,642 (-51.7%), from €245,026 to €118,384
of which Trade receivables: -€118,525
- Cash +€20,739
up €20,739 (+116%), from €17,942 to €38,681
mainly Receivables within one year (+€126,642) and Other debts (+€26,155)
- Tangible fixed assets -€12,391
down €12,391 (-22.8%), from €54,333 to €41,942
of which Furniture and vehicles: -€11,803
- Intangible fixed assets -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Stocks and contracts +€8,015
up €8,015 (+115%), from €6,947 to €14,962
- Profit (loss) carried forward -€59,501
down €59,501, from €44,904 to -€14,597
- Trade debts -€46,604
down €46,604 (-31.8%), from €146,677 to €100,072
- Other debts +€26,155
up €26,155 (+399%), from €6,558 to €32,713
- Debts after one year -€24,580
down €24,580 (-32.2%), from €76,248 to €51,668
of which Financial debts: -€24,580
- Tax, wage and social debts -€18,589
down €18,589 (-57.8%), from €32,175 to €13,586
of which Remuneration and social security: -€16,424
- Gross operating margin -€92,979
down €92,979 (-39.9%), from €233,046 to €140,068
- Staff costs -€20,908
down €20,908 (-11.5%), from €182,389 to €161,481
- Financial income +€8,098
up €8,098 (+1,939%), from €418 to €8,516
- Taxes -€4,368
no longer reported in 2025 (was €4,368)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,687 | €226,221 | -€126,466 | -35.9% |
| Fixed assets | 21/28 | €74,458 | €52,067 | -€22,391 | -30.1% |
| Intangible fixed assets | 21 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Tangible fixed assets | 22/27 | €54,333 | €41,942 | -€12,391 | -22.8% |
| Plant, machinery and equipment | 23 | €2,766 | €2,178 | -€588 | -21.3% |
| Furniture and vehicles | 24 | €51,567 | €39,764 | -€11,803 | -22.9% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €278,229 | €174,154 | -€104,074 | -37.4% |
| Stocks and contracts in progress | 3 | €6,947 | €14,962 | +€8,015 | +115% |
| Stocks | 30/36 | €6,947 | €14,962 | +€8,015 | +115% |
| Amounts receivable within one year | 40/41 | €245,026 | €118,384 | -€126,642 | -51.7% |
| Trade receivables | 40 | €216,587 | €98,061 | -€118,525 | -54.7% |
| Other amounts receivable | 41 | €28,439 | €20,323 | -€8,116 | -28.5% |
| Cash at bank and in hand | 54/58 | €17,942 | €38,681 | +€20,739 | +116% |
| Deferred charges and accrued income | 490/1 | €8,315 | €2,127 | -€6,187 | -74.4% |
| Total equity and liabilities | 10/49 | €352,687 | €226,221 | -€126,466 | -35.9% |
| Equity | 10/15 | €63,504 | €4,003 | -€59,501 | -93.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,904 | -€14,597 | -€59,501 | |
| Amounts payable | 17/49 | €289,183 | €222,218 | -€66,965 | -23.2% |
| Amounts payable after more than one year | 17 | €76,248 | €51,668 | -€24,580 | -32.2% |
| Financial debts | 170/4 | €66,705 | €42,125 | -€24,580 | -36.8% |
| Other amounts payable | 178/9 | €9,543 | €9,543 | = | 0.0% |
| Amounts payable within one year | 42/48 | €212,935 | €170,550 | -€42,385 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €27,526 | €24,180 | -€3,346 | -12.2% |
| Trade debts | 44 | €146,677 | €100,072 | -€46,604 | -31.8% |
| Suppliers | 440/4 | €146,677 | €100,072 | -€46,604 | -31.8% |
| Taxes, remuneration and social security | 45 | €32,175 | €13,586 | -€18,589 | -57.8% |
| Taxes | 450/3 | €2,165 | - | -€2,165 | |
| Remuneration and social security | 454/9 | €30,010 | €13,586 | -€16,424 | -54.7% |
| Other amounts payable | 47/48 | €6,558 | €32,713 | +€26,155 | +399% |
| Remuneration, social security and pensions | 62 | €182,389 | €161,481 | -€20,908 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,864 | €24,332 | -€533 | -2.1% |
| Other operating charges | 640/8 | €19,752 | €17,876 | -€1,876 | -9.5% |
| Gross operating margin | 9900 | €233,046 | €140,068 | -€92,979 | -39.9% |
| Operating profit (loss) | 9901 | €6,041 | -€63,621 | -€69,662 | |
| Financial income | 75/76B | €418 | €8,516 | +€8,098 | +1,939% |
| Recurring financial income | 75 | €418 | €8,516 | +€8,098 | +1,939% |
| Financial charges | 65/66B | €6,144 | €4,396 | -€1,749 | -28.5% |
| Recurring financial charges | 65 | €6,144 | €4,396 | -€1,749 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €315 | -€59,501 | -€59,815 | |
| Income taxes | 67/77 | €4,368 | - | -€4,368 | |
| Profit (loss) for the period | 9904 | -€4,054 | -€59,501 | -€55,447 | -1,368% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,054 | -€59,501 | -€55,447 | -1,368% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.